OSI Systems Inc. Earnings Decline 57% In Q4

(RTTNews) - OSI Systems Inc. (OSIS) announced a profit for fourth quarter that fell from last year.

The company said its bottom line dropped to $10.76 million, or $0.55 per share. This was lower than $24.98 million, or $1.22 per share, in last year's fourth quarter.

Analysts had expected the company to earn $0.52 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 16.9% to $221.47 million. This was down from $266.60 million last year.

OSI Systems Inc. earnings at a glance:

-Earnings (Q4): $10.76 Mln. vs. $24.98 Mln. last year. -Earnings Decline (Y-o-Y): -56.9% -EPS (Q4): $0.55 vs. $1.22 last year. -EPS Decline (Y-o-Y): -54.9% -Analysts Estimate: $0.52 -Revenue (Q4): $221.47 Mln vs. $266.60 Mln last year. -Revenue Change (Y-o-Y): -16.9%